I am not sure most on these forums would understand the differences (learn more: https://www.chathamfinancial.com/insights/interest-rate-caps...).  

excellent Lessons learned?

Home sold within 24 hours of listing Lessons learned?

@Dee Mandrekar I used different things to learn.

4- Is there any way to learn the exact balance of the first mortgage before buying the second mortgage if a final judgment has not been issued for the first mortgage?

I thought going in that we would start an LLC but have come to learn that LLC's have very limited lending options for real estate and that our LLC would require us to file taxes as a business because there are 2 of us.

This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Hire yourself a professional to take the photographs, learn a little bit about professional copywriting from your property's Evolve listing description and start giving your interested guests your special brand of "host" magic!

However, I’m not 100% sure I’m doing it correctly but I’m willing to learn!

Lessons learned?